Well then CTX is about 100% undervalued and OMN is about 5% over valued but somehow I think those proportions are not proportionate in a day where most of the gasoline is priced based on markets and the distribution, even the sites, done on computer models.
If it was a cartel, people would go to where the market is cheapest price per gallon and all that. They are starting to do that even now using electric cars despite the lack of battery power and self automated vehicles in spite of the homicides.
OMN just needs a chance, the market is pricing in very little chance of succession as they did Westfield, Westfield America Trust, Scentre Group and Mr Saunders stuff look at what happened today in East Sydney.
Scentre Group, the country's largest listed retail landlord, has bought a 50 per cent stake in Westfield Eastgardens in Sydney's south‐east from the Saunders family's Terrace Tower Group for $720 million.
The deal with Tower Terrace Group - the family property group was created by John Saunders who also co-founded Westfield - was struck on a cap rate of 4.25 per cent.
The old way that SCG looked. Now OMN should be given a chance IMHO.
OMN Price at posting:
97.5¢ Sentiment: Buy Disclosure: Held
